Glen Harbor Capital Management LLC decreased its holdings in shares of NorthWestern Corp (NYSE:NWE) by 5.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 26,848 shares of the utilities provider’s stock after selling 1,664 shares during the period. Glen Harbor Capital Management LLC’s holdings in NorthWestern were worth $1,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in NorthWestern during the second quarter worth about $132,000. Sei Investments Co. raised its stake in NorthWestern by 11.4% during the second quarter. Sei Investments Co. now owns 46,965 shares of the utilities provider’s stock worth $2,689,000 after acquiring an additional 4,806 shares during the period. Guggenheim Capital LLC raised its stake in NorthWestern by 10.2% during the first quarter. Guggenheim Capital LLC now owns 35,407 shares of the utilities provider’s stock worth $1,903,000 after acquiring an additional 3,268 shares during the period. Northern Trust Corp raised its stake in NorthWestern by 6.4% during the first quarter. Northern Trust Corp now owns 1,465,912 shares of the utilities provider’s stock worth $78,866,000 after acquiring an additional 88,251 shares during the period. Finally, Burney Co. acquired a new stake in NorthWestern during the second quarter worth about $427,000. Hedge funds and other institutional investors own 95.89% of the company’s stock.

NYSE NWE opened at $59.93 on Wednesday. NorthWestern Corp has a 52 week low of $50.01 and a 52 week high of $64.47. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 7.73 and a beta of 0.13.

NorthWestern (NYSE:NWE) last posted its earnings results on Thursday, July 19th. The utilities provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.44 by $0.43. NorthWestern had a net margin of 14.84% and a return on equity of 10.28%. The firm had revenue of $261.82 million during the quarter, compared to analysts’ expectations of $286.14 million. During the same quarter in the prior year, the firm earned $0.47 EPS. NorthWestern’s quarterly revenue was down 7.8% on a year-over-year basis. equities analysts expect that NorthWestern Corp will post 3.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Thursday, September 13th. NorthWestern’s dividend payout ratio (DPR) is 66.67%.

Several research firms have commented on NWE. Credit Suisse Group upped their target price on shares of NorthWestern from $54.00 to $55.00 and gave the stock a “$58.28” rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded shares of NorthWestern from a “hold” rating to a “strong-buy” rating and set a $67.00 target price for the company in a research report on Tuesday, July 24th. KeyCorp upgraded shares of NorthWestern from a “sector weight” rating to an “overweight” rating in a research report on Monday, June 4th. Barclays began coverage on shares of NorthWestern in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $60.00 target price for the company. Finally, ValuEngine upgraded shares of NorthWestern from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NorthWestern presently has an average rating of “Hold” and a consensus target price of $58.20.

In other NorthWestern news, VP Curtis T. Pohl sold 1,200 shares of the company’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $58.73, for a total value of $70,476.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

NorthWestern Profile

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

Further Reading: How do investors use RSI to grade stocks?

Want to see what other hedge funds are holding NWE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NorthWestern Corp (NYSE:NWE).

Institutional Ownership by Quarter for NorthWestern (NYSE:NWE)

Receive News & Ratings for NorthWestern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthWestern and related companies with MarketBeat.com's FREE daily email newsletter.